Trending

Lender sues Brandon Miller’s widow

Titan Capital goes after Candice Miller for overdue Hamptons mortgage payments

David Saferstein of Titan Capital, Candice and Brandon Miller (Titan Capital, Getty)
David Saferstein of Titan Capital, Candice and Brandon Miller (Titan Capital, Getty)

Less than three weeks after Brandon Miller’s sudden death, bridge lender Titan Capital sued his widow over missed mortgage payments on their Water Mill estate.

Titan is demanding lifestyle blogger and influencer Candice Miller pay $829,000 in unpaid principal plus interest on a $1 million loan it provided her late husband in 2021 secured by the couple’s seven-bedroom house at 25 Cobb Isle Road, according to a lawsuit filed in New York state court.

Miller stopped making payments in April, a month after he had negotiated a third loan modification with the lender, the suit alleges.

The mortgage is one of several loans Miller took out on the 5,600-square-foot Hamptons house, according to property records. Miller bought the property in 2011 for $3.2 million, developed it under the entity Cobb Isle Cottage LLC, and transferred it to his name in 2013.

It’s the same house where Southampton Town police responded twice on July 1 to a carbon monoxide alarm, according to police logs. Miller died two days later after being hospitalized at Stony Brook Southampton Hospital, leaving behind a tangled web of unfinished real estate projects and delinquent payments.

Sign Up for the undefined Newsletter

The Daily Beast reported he was found unconscious in a car in the garage. The Daily Mail called the death a suicide.

In 2017, Miller borrowed $3.25 million from Titan against the house, according to property records. He then took out a $6.2 million loan from UBS in 2021. He took out the $1 million loan from Titan that same year.

In 2022, Miller satisfied a mortgage from Titan and also took out a $2 million mortgage from TItan, according to property records. He also secured a $2 million mortgage from Stevens Financial Group that year.

Titan lent Miller $3.6 million in 2013 against a condo project that Miller’s firm Real Estate Equities Corporation, or REEC, developed at 137 Franklin Street.

The status of Miller’s other loans from Titan could not be determined Tuesday afternoon. The company’s lawyer did not immediately respond to a request for comment.

Read more

What Was Brandon Miller’s Strategy At Real Estate Equities?
Commercial
New York
Inside Brandon Miller’s real estate operation
Commercial
New York
Developer Brandon Miller dies at 43
First Bankruptcy Document Filed for Entity Connected to Brandon Miller
Commercial
New York
Entity tied to Brandon Miller’s Chelsea development project files for bankruptcy
Recommended For You